Answer: TRUE
Step-by-step explanation:
Deductive reasoning is a process in which a conclusion is drawn on the basis of similarities and concordance with pre- proposed principles and multiple premises which are expected and assumed to be true.
In simple words the deductive reasoning is based upon conclusion which is derived from one or more statements or principles which are expected to be true.
On the basis of the above explanation, the statement Drawing a conclusion derived from knowledge of an established principle is called deductive reasoning. is true.